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Disney World will shrink hours after seeing fewer visitors than expected

Walt Disney World is scaling back operating hours in theme parks after the company recently reported a significant reduction in park revenue in the midst of the new coronavirus pandemic.

According to The Washington Post, the company originally worked reduced hours at its Florida resort – which includes Disney’s Hollywood Studios, Animal Kingdom, Magic Kingdom Park and Epcot – when it reopened earlier this year in the midst of the pandemic.

However, the company will reportedly shave between one to two hours of each of the parks’ daily schedules from the upcoming Labor Day. The new schedule is expected to run until the end of October, The Hollywood Reporter also reported.

The news comes several days after the company released its earnings report for its third financial quarter, which ended at the end of June.

The company, which temporarily closed its theme parks earlier this year to limit the spread of the disease, said in the report that revenues from its parking segments fell by 85 percent during the quarter.

The company said in the report that the segment was most affected by the new coronavirus pandemic and estimated “the overall negative impact of COVID-1

9 on the segment’s operating profit for the quarter was approximately $ 3.5 billion.”

According to the post, the income report also comes after the company saw lower than expected attendance in its parks during the pandemic.

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